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Summarised financial information
Group – Statement of cash flows
For the year ended 31 December
| Figures in million (US dollars) | 2014 | 2013 | 2012 |
|---|---|---|---|
| Cash flows from operating activities | |||
| Receipts from customers | 5,351 | 5,709 | 6,523 |
| Payments to suppliers and employees | (3,978) | (4,317) | (4,173) |
| Cash generated from operations | 1,373 | 1,392 | 2,350 |
| Dividends received from joint ventures | – | 18 | 72 |
| Taxation refund | 41 | 23 | 54 |
| Taxation paid | (194) | (187) | (507) |
| Net cash inflow from operating activities | 1,220 | 1,246 | 1,969 |
| Cash flows from investing activities |
|||
| Capital expenditure | |||
| – project capital | (289) | (594) | (779) |
| – stay-in-business capital | (724) | (907) | (1,146) |
| Interest capitalised and paid | (1) | (5) | (12) |
| Expenditure on intangible assets | (5) | (68) | (79) |
| Proceeds from disposal of tangible assets | 31 | 10 | 5 |
| Other investments acquired | (79) | (91) | (97) |
| Proceeds from disposal of other investments | 73 | 81 | 86 |
| Investments in associates and joint ventures | (65) | (472) | (349) |
| Proceeds from disposal of associates and joint ventures | – | 6 | 20 |
| Loans advanced to associates and joint ventures | (56) | (41) | (65) |
| Loans repaid by associates and joint ventures | 20 | 33 | 1 |
| Dividends received | – | 5 | 7 |
| Proceeds from disposal of subsidiary | 105 | 2 | 6 |
| Cash in subsidiary acquired | – | – | 5 |
| Cash in subsidiary disposed | – | – | (31) |
| Cash balances in assets held for sale | 2 | (2) | – |
| Acquisition of subsidiary and loan | – | – | (335) |
| Decrease (increase) in cash restricted for use | 24 | (20) | (3) |
| Interest received | 21 | 23 | 36 |
| Loans advanced | – | – | (45) |
| Net cash outflow from investing activities | (943) | (2,040) | (2,775) |
| Cash flows from financing activities |
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| Proceeds from issue of share capital | – | – | 2 |
| Proceeds from borrowings | 611 | 2,344 | 1,432 |
| Repayment of borrowings | (761) | (1,486) | (217) |
| Finance costs paid | (245) | (200) | (145) |
| Acquisition of non-controlling interest | – | – | (215) |
| Revolving credit facility and bond transaction costs | (9) | (36) | (30) |
| Dividends paid | (17) | (62) | (236) |
| Net cash (outflow) inflow from financing activities | (421) | 560 | 591 |
| Net decrease in cash and cash equivalents | (144) | (234) | (215) |
| Translation | (16) | (30) | (5) |
| Cash and cash equivalents at beginning of year | 628 | 892 | 1,112 |
| Cash and cash equivalents at end of year(1) | 468 | 628 | 892 |
- (1) The cash and cash equivalents balance at 31 December 2013 includes a bank overdraft included in a statement of financial position as part of current liabilities of $20m.